#Agriculture #GreenhouseTechnology #DynamicLighting #SustainableFarming #ControlledEnvironment #Agriculture #Agritech #SeriesAFunding #LEDLights #CropYields #Innovation #Sustainability
In a significant stride for the agricultural technology sector, RED Horticulture has secured a substantial €17 million in Series A funding. This funding round, led by the European Circular Bioeconomy Fund (ECBF), Demeter IM, and Unigrains, underscores the industry’s recognition of the company’s pioneering work in dynamic lighting solutions for high-tech greenhouses.
Dynamic Spectrum LED Lights for Optimal Plant Growth
RED Horticulture’s groundbreaking solution revolves around dynamic spectrum LED lights, precisely tailored to activate the photoreceptors of plants within greenhouses. This cutting-edge technology, controlled through the company’s AI-powered platform, MyRED, ensures that plants receive the right light at the right time.
Enhanced Yields, Quality, and Energy Efficiency
The impact of RED Horticulture’s lighting strategy is evident in practical applications. Strawberry growers, for instance, have reported a remarkable 35% increase in yields, coupled with a 20% reduction in the time from sowing to harvesting. Young plant breeders, embracing this innovative lighting approach, have experienced a noteworthy reduction of up to 60% in energy consumption, achieving superior crop morphology.
CEO Louis GOLAZ on RED Horticulture’s Success
Louis GOLAZ, CEO of RED Horticulture, attributes the company’s success to its user-friendly, flexible, and scalable dynamic lighting solution. The recent funding round with ECBF, Demeter, and Unigrains reinforces the company’s commitment to innovation and underscores the unique advantages of its technology.
Strategic Partnerships and Future Developments
Stéphane Roussel, Partner at ECBF, emphasizes the potential of controlled environment agriculture and commends RED’s vision in optimizing light as a crucial input in greenhouse operations. The funding will be instrumental in further developing high-performance lighting strategies in collaboration with customers and innovation partners.
Supporting Research and Innovation
The capital raised in this funding round will play a pivotal role in supporting internal research at the PARC (Photobiology & Agronomic Research Centre) in Nantes, France. This underscores RED’s dedication to advancing agronomy and developing lighting solutions that push the boundaries of efficiency and sustainability in greenhouse agriculture.
Paving the Way for a Sustainable Agricultural Future
RED Horticulture’s success in securing significant funding reflects not only the company’s prowess in dynamic lighting technology but also the industry’s recognition of the critical role such innovations play in shaping the future of agriculture. By optimizing light as a key factor in greenhouse operations, RED is contributing to increased yields, energy efficiency, and overall sustainability in controlled environment agriculture.
